PDG REALTY S/A EMPREENDIMENTOS E PARTICIPAÇÕES CNPJ

PDG REALTY S/A EMPREENDIMENTOS E PARTICIPAÇÕES
CNPJ/MF no. 02.950.811/0001-89
NIRE no. 33.3.00285519-9
MINUTES OF THE BOARD OF DIRECTORS MEETING HELD ON JULY 28, 2008
1. Date and place: On July 28, 2008, at 3:00 p.m., at the Company’s headquarters, at Praia de
Botafogo, 501, 2nd Floor, part, Torre Pão de Açúcar, in the city and state of Rio de Janeiro.
2. Summons: Waived due to the presence of all the members of the Company’s Board of
Directors.
3. Chair: Chairman: José Antonio Tornaghi Grabowsky; Secretary: Cauê Castello Veiga
Innocêncio Cardoso.
4. Agenda: Election of members of the Executive Board.
5. Resolutions: The directors present voted unanimously, with the abstention of those legally
impeded: (a) to reelect as Officers of the Company Mr. José Antonio Tornaghi Grabowsky,
a married Brazilian engineer, bearer of identity card no.04.311.183-0, issued by IFP/RJ, and
enrolled on the CPF/MF under no. 853.492.207-59, to the position of Chief Executive Officer;
Mr. Michel Wurman, a single Brazilian economist, bearer of identity card no. 10.410.222-10,
issued by IFP/RJ, and enrolled on the CPF/MF under no. 025.915.137-83, to the positions of
Chief Financial Officer and Chief Investor Relations Officer, and Mr. Frederico Marinho
Carneiro da Cunha, a married Brazilian engineer, bearer of identity card no. 10801117-2,
issued by IFP/RJ, and enrolled on the CPF/MF under no. 895.019.007-97, to the positions of
Chief Operating Officer and Chief of Real Estate Developments, all with office at Praia de
Botafogo, 501, Torre Pão de Açúcar, Suite 203, Botafogo, in the city and state of Rio de
Janeiro, for a term lasting until the Ordinary General Meeting held to approve the accounts for
2008. The Offices hereby elected declare under penalty of law that: (i) they accept the
appointment to their respective positions; (ii) they are not prevented by specific law from
exercising management positions in companies; and (iii) they have not been convicted of any
bankruptcy crimes, malfeasance in office, bribery or subornation, graft, embezzlement, crimes
against the popular economy, public faith or property or been sentenced to any penalty that
forbids them, even temporarily, from access to public positions. The Officers elected take their
offices on this date, upon signing the respective declarations in the Executive Board Meeting
Minutes Book. There being no further business to conduct, these minutes were written up, read
and signed.
Cauê Castello Veiga Innocêncio Cardoso
Secretary